CybageKhushboo organized a financial planning session by Shripad Inamdar, CFO, Cybage Software, on May 1, 2016. The session aimed at helping student beneficiaries, who have recently found placement, to understand ways to retain and grow money.
Around 20 students attended the session. These students have already faced financial challenges in life. With guidance from CybageKhushboo, they are now able to support their families. However, they will also have to learn to make their money grow. For this purpose, financial planning is essential and starting it early, of paramount importance.
Mr. Inamdar kicked off the session by helping the participants to understand everything about income tax—what it is, how it is computed, the rules and regulations, and so on. He explained the various options and platforms for savings such as mutual funds, Public Provident Fund, and real estate. He emphasized the importance of financial planning and explained that even though people have information about investments, they keep making mistakes irrespective of their age and years of experience. He talked about the current market trends and safe options to invest along with the dos and don’ts of dealing in the share market.